Seems like we have returned to tradition
In the last 30 days Mitch is up 5,859 SOL
That is $1,313,951 exactly
This is more than what 90% of the world see their whole life
Starknet is a slow cook. One of those projects that I'm 95% confident is going to preserve as long as ETH L2s thesis is alive
Might not happen this cycle (so i'd never advocate for buying the token for short term speculation) but there's just so much that Starknet already offers compared to anything else in the market - perfomance & scalability, native AA, credible path towards decentralization, value accrual to the token through burn and possibly MEV searchers (e.g., auction mechanism like Timeboost on Arb)
A lot of things still in development: fully decentralized sequencer, native privacy, Collider and Bit vms for BTC and probably a lot more I'm not aware about
As for current priorities the focus remains on BTCfi: capturing even 1% of BTC equates to $23B of potential TVL
The question remains if ColliderVM works out or if BitVM in the interim would be enough
if all the treasury companies & ancient whales could utilize their BTC for yield in a completely trustless & secure manner, why wouldn't they?
And the way I see it, there's simply no competition here, Starknet is paving the way with R&D
Starknet is for cypherpunks. If you care about original crypto ethos, you should care about Starknet. Simple as that.
$XRP has FDV over $270B, $KTA - $700M
Meanwhile @KeetaNetwork is a new and very fast L1 that doesn't have a bunch of funds on board that will dump price down.
I think institutions will choose KTA as it fits all their criteria. And imagine if $KTA gets even a small portion of $XRP's...